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Lake Area Motel
Location: United States -> Missouri -> Benton County
Industry: Hotels and Holiday Accommodation > Motels




Business Summary

This 22-room motel is waiting for a new energetic owner (perfect for a couple) to take it to the next level. The guest rooms are spacious, clean, complete with TV, microwave and fridge. The owners do a super job maintaining both the guest rooms and the shared space of the property. Pleasant pool area and separate building available for meetings, laundry facilities on premises.

Tons of parking, all drive up directly to your door. Other income opportunities available for new owners. Current owners have plowed most of their earnings back into improvements to the property and it shows. New owner can take advantage by utilizing social media and other proven hospitality industry techniques. Priced way below replacement cost, the owners want to sell the whole property and business together. All furnishings, TVs, appliances stay with the motel.

There is a very pleasant two-bedroom apartment in which the owners currently live. It could be occupied by new owners or used for on-site managers-whichever style of operation you prefer. If you have ever thought of getting into the hospitality industry you need to check this out!


Financials

Asking Price Range:  $500K - $1.0M
Gross Revenues:   $100,000
Cash Flow:   $40,000
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $109,532
Seller Financing:  No

About The Business

Year Established:  1998
Number of Employees:  1 - 3
Relocatable:  No
Franchise:  No
Current Real Estate:  Owned
Property:  Property For Sale

About The Sale

Management Training and Support:  Sellers will train in all aspects of operations including building, grounds and equipment maintenance, customer service, and room cleaning.
Reason For Selling:  Retirement.




Print Listing Id: 700321718
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Related Searches: Camping and Parks  >  Guest Houses, Bed and Breakfast  >  Holiday Resorts  >  Hotels  >  Motels  >  Other Hotels and Holiday Accommodation  > 

Also See: Franchise Opportunities > Franchise Resales > Missouri Businesses For Sale > Missouri Franchises For Sale > Missouri Business Brokers



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